Christian Laux
Biographic Data
| ID | 3609696 |
|---|---|
| NAME | Christian Laux |
| GIVEN NAMES | Christian |
| FAMILY NAME | Laux |
| SIGNATURE | LAUX C |
| AFFILIATIONS | Vienna University of Economics and Business, Vienna, Austria. |
| ORCID | 0000-0003-2580-7313 |
| VERIFIED | No |
| TOTAL WORKS | 4 |
| TOTAL CITATIONS | 4 |
| AUTHOR COUNT | 4 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2001 |
| LATEST PUBLICATION YEAR | 2011 |
| H-INDEX | 1 |
Consumer Protection and the Role of Advice in the Market for Retail Financial Services
»Vielmehr bietet [der Kommentar] auf höchstem Niveau eine substantielle Auseinandersetzung mit den Hintergründen, den Zusammenhängen, der Theorie und der Praxis des Grundgesetzes. Besseres lässt sich von einem Verfassungskommentar nicht sagen.“ Herbert Günther Staaatsanzeiger für das Land Hessen 2018 (50), 1494–1495
Did Fair-Value Accounting Contribute to the Financial Crisis
The recent financial crisis has led to a major debate about fair-value accounting. Many critics have argued that fair-value accounting, often also called mark-to-market accounting, has significantly contributed to the financial crisis or, at least, exacerbated its severity. In this paper, we assess these arguments and examine the role of fair-value accounting in the financial crisis using descriptive data and empirical evidence. Based on our anal…
Performance Measurement and Information Production
When performance measures are used for evaluation purposes, agents have some incentives to learn how their actions affect these measures. We show that the use of imperfect performance measures can cause an agent to devote too many resources (too much effort) to acquiring information. Doing so can be costly to the principal, because the agent can use information to game the performance measure to the detriment of the principal. We analyze the effe…
Delegated Information Acquisition and Capital Budgeting
The paper analyzes the question who should be provided with incentives to acquire and reveal information about the quality of an investment proposal: the division manager, who derives private benefits of control from the project and always wants to invest, or the capital budgeting department, which has no personal interests in the decision. Interestingly, private benefits of control may reduce expected wage costs. In this case joint project evalu…
Did Fair-Value Accounting Contribute to the Financial Crisis
The recent financial crisis has led to a major debate about fair-value accounting. Many critics have argued that fair-value accounting, often also called mark-to-market accounting, has significantly contributed to the financial crisis or, at least, exacerbated its severity. In this paper, we assess these arguments and examine the role of fair-value accounting in the financial crisis using descriptive data and empirical evidence. Based on our anal…
Delegated Information Acquisition and Capital Budgeting
The paper analyzes the question who should be provided with incentives to acquire and reveal information about the quality of an investment proposal: the division manager, who derives private benefits of control from the project and always wants to invest, or the capital budgeting department, which has no personal interests in the decision. Interestingly, private benefits of control may reduce expected wage costs. In this case joint project evalu…
Performance Measurement and Information Production
When performance measures are used for evaluation purposes, agents have some incentives to learn how their actions affect these measures. We show that the use of imperfect performance measures can cause an agent to devote too many resources (too much effort) to acquiring information. Doing so can be costly to the principal, because the agent can use information to game the performance measure to the detriment of the principal. We analyze the effe…
Did Fair-Value Accounting Contribute to the Financial Crisis
The recent financial crisis has led to a major debate about fair-value accounting. Many critics have argued that fair-value accounting, often also called mark-to-market accounting, has significantly contributed to the financial crisis or, at least, exacerbated its severity. In this paper, we assess these arguments and examine the role of fair-value accounting in the financial crisis using descriptive data and empirical evidence. Based on our anal…
Consumer Protection and the Role of Advice in the Market for Retail Financial Services
»Vielmehr bietet [der Kommentar] auf höchstem Niveau eine substantielle Auseinandersetzung mit den Hintergründen, den Zusammenhängen, der Theorie und der Praxis des Grundgesetzes. Besseres lässt sich von einem Verfassungskommentar nicht sagen.“ Herbert Günther Staaatsanzeiger für das Land Hessen 2018 (50), 1494–1495
Business (3 works) · Computer Science (2 works) · Economics (2 works) · Finance (2 works) · Accounting (1 works) · Accounting (1 works) · Accounting information system (1 works) · Advice (programming) (1 works) · Auction Theory and Applications (1 works) · Auditing, Earnings Management, Governance (1 works)